Virat Kohli & Anushka Sharma Set to Gain Big from Go Digit General Insurance IPO

Subscriptions for the Go Digit General Insurance IPO, a Mainline IPO valued at ₹2614.65 Cr, will be accepted from May 15 to May 17, 2024. The IPO consists of an offer for sale of ₹1489.65 Cr and a fresh issue of ₹1125.00 Cr.

The price range is set at 258.00–272.00 per share, with a face value of Rs 10. Applications for the Go Digit General Insurance Mainline IPO are open to anyone with a minimum lot size of 55 shares, or Rs 14960.


23 May 2024 is the tentative date of listing on the exchange (BSE, NSE).
Continue reading to learn more about the Go Digit General Insurance IPO, including the listing date, price, allotment details, financial performance, business summary, and live subscription status.

Going forward, Virat Kohli and Anushka Sharma stand to gain significantly from the imminent offering of insurance company Go Digit. Their ₹2.5 Cr total investment in the company is predicted to deliver an impressive 271% return, resulting in a ₹6.75 Cr notional profit. Through a private placement in January 2020, Kohli bought 266,667 shares at ₹75 apiece, and Sharma bought 66,667 shares for ₹50 lakh. The IPO specifics and prospects for Go Digit, provide insight into the potential wealth for high-profile investors.

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About the Company – Go Digit General Insurance

In 2016, Go Digit General Insurance Limited was established. One of the top full-stack digital insurance providers, the business leverages technology to create cutting-edge strategies for non-life insurance product distribution, product design, and customer experience. Full-stack insurers are insurance firms that handle all aspects of sourcing, underwriting, and servicing internally and are fully licensed and governed by regulators. Insurance firms that concentrate on incorporating technology into their business operations are known as digital full-stack insurers.

They provide consumers with the option to customize a range of insurance products, including liability insurance, health insurance, travel, property, and auto insurance. The business plan of the company is meant to reduce reliance on a particular business line.

The company’s main goal is to use cutting-edge techniques to streamline insurance documentation. They work hard to ensure that the wording used in insurance contracts is understandable to all parties, including fifteen-year-old teenagers. Policyholders often find it difficult to understand the technical jargon found in insurance policy documentation. The business used kids between the ages of 8 and 15 in research to address this issue. To make the insurance documents clearer and simpler for consumers to grasp, they invited them to read and score the comprehensibility of the documents.

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Go Digit General Insurance IPO Strengths

• Simple and tailored customer experience.
• Our focus is on empowering our distribution partners.
• Predictive underwriting models.
• Advanced technology platform.
• A nimble organization with a skilled and experienced management team.

Go Digit General Insurance IPO Objective

The Company intends to use the Net Proceeds for the following purposes:

1. To carry out its current business operations.

2. To carry out the proposed Net Proceeds-funded activities.

In addition, the company anticipates benefits from issuing equity shares on stock exchanges, which it believes would improve brand awareness and image among current and prospective customers.

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Go Digit General Insurance IPO Details

Go Digit General Insurance IPO Important Dates

Receive crucial information on the proposed schedule for the Go Digit General Insurance IPO, including dates for the IPO’s opening, closing, allocation, and listing. As dates are announced, they are updated.

Go Digit General Insurance IPO Lots

Go Digit General Insurance Limited Financial Information (Restated)

Between March 31, 2022, and March 31, 2023, Go Digit General Insurance Limited’s profit after tax (PAT) increased by 112.01% and its revenue increased by 113.35%.

Go Digit General Insurance IPO Peer Comparison

Analysis & Interpretations for Go Digit General Insurance IPO

Examination and Interpretation of the Financial Data of Go Digit General Insurance Limited:

1. The assets

Over the last four periods, Go Digit’s assets have consistently increased, demonstrating the company’s growth trajectory and expansion activities. The substantial rise from ₹1,874.80 Cr in March 2021 to ₹3,619.95 Cr in December 2023 is indicative of strong asset accumulation, which may have been fueled by corporate acquisitions & strategic investments.

2. Revenue

Despite income variations over time, Go Digit has shown amazing recovery, going from negative data in March 2022 and March 2021 to positive revenue of ₹130.83 Cr in December 2023. This upward trend in revenue suggests better operational effectiveness and the ability to generate income, which may be related to increased product and market penetration.

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3. PAT, or profit after taxes

Throughout the assessed periods, Go Digit’s PAT has steadily increased, showing a noteworthy rise from ₹35.54 Cr in March 2023 to ₹129.02 Cr in December 2023. This significant increase in profitability is a testament to the company’s cost-cutting measures, operational effectiveness, and maybe advantageous market circumstances. Given the trend’s consistent profitability and potential for future profit growth, investors may see it favorably.

4. Reserves & Net Worth

The company’s reserves and net worth have increased steadily, pointing to a solid financial base and careful capital management. Strong capital accumulation and retained earnings are reflected in the company’s significant increase in net worth from ₹1,134.57 Cr in March 2021 to ₹2,459.34 Cr in December 2023. This might reassure investors about the company’s long-term growth prospects and financial stability.

5. Total Debt

The lack of total borrowing figures in December 2023 shows either a limited reliance on debt financing or strategic debt management strategies, even though financial data does not paint a complete picture of Go Digit’s debt profile. Investors who are worried about the company’s leverage levels and ability to service debt may see this favorably.

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Investment Considerations for Go Digit General Insurance IPO

1. Consistent Growth Pathway

Go Digit’s steadily increasing assets, sales, and profitability point to a stable growth trajectory, demonstrating the company’s resiliency and potential for long-term growth.

2. Solid Financial Position

The company’s substantial reserves, surplus, and net worth highlight its sound financial standing and capacity to withstand market fluctuations, which reduces investment risks.

3. Reversal of Events

The shift from prior periods’ negative revenue and profit figures to positive figures in December 2023 is a result of operational enhancements and successful business plans that may pique investor interest.

4. Minimal Debt Exposure

The absence of a sizable total borrowing load suggests careful debt management techniques, lowering the financial risk to the organization and improving its overall solvency position.

5. Industry Outlook

Investors evaluating the development prospects of the sector and Go Digit’s positioning within the market should also take into account the forecast for the insurance industry as a whole, the regulatory environment, the competitive landscape, and market demand patterns.

Metrics Where Go Digit General Insurance Limited Achieves Success

Price-to-Book Value (P/BV) Ratio:

Go Digit’s P/BV ratio is lower than that of its competitors, suggesting that the company’s stock is comparatively cheap when compared to its net asset value per share. According to asset valuation, a lower P/BV ratio implies that investors would be paying less for each unit of Go Digit’s book value, which could make the investment opportunity more alluring.

Metrics Where Go Digit General Insurance Limited Lags

1. Earnings Per Share (EPS):

Go Digit’s diluted and basic EPS figures are far lower than those of its competitors, namely Star Health & Allied Insurance Company Limited and ICICI Lombard General Insurance Company Ltd. This implies that Go Digit might have a lower earnings efficiency per share than its competitors, which could point to difficulties in turning a profit.

2. Price-to-Earnings (P/E) Ratio:

When compared to The New India Assurance Company Ltd. and Star Health & Allied Insurance Company Limited, Go Digit has a noticeably lower P/E ratio. A lower P/E ratio frequently means that investors are paying less for each unit of earnings, which may be a sign of reduced expectations for growth or of perceived risks related to the earnings prospects of the company.

3. Return on Net Worth (RoNW):

Compared to ICICI Lombard General Insurance Company Ltd. and Star Health & Allied Insurance Company Limited, Go Digit has a significantly lower RoNW %. A lower RoNW could be an indication of Go Digit’s lesser profitability or operational efficiency when compared to its peers, as it implies that the company is less effective in producing profits in relation to the equity held by its shareholders.

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Outlook and Expansion Plans

Go Digit’s focus on growing its health insurance business, which accounts for a sizeable amount of its gross written premium, is indicative of its calculated strategy to take advantage of changing market conditions. The company’s dedication to the group and retail health insurance markets is consistent with its goal of long-term expansion. Go Digit is confident about its future despite obstacles including increased costs related to quick expansion, supported by its strong assets under management and expanding market share.

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In summary

Going public soon, Go Digit offers a profitable investment opportunity, and well-known celebrities like Anushka Sharma and Virat Kohli are well-positioned to profit from the company’s development potential. Investors are urged to carefully consider Go Digit’s financial performance, market positioning, and growth potential as the IPO subscription window draws near in order to make well-informed investment decisions.

With solid fundamentals and a growing financial performance, Go Digit seems to be on the rise. Nonetheless, prior to making investing decisions, investors must to carry out additional research, take into account outside variables affecting the insurance industry, and assess their tolerance for risk. Go Digit may be a desirable investment option given its favorable trends in income, profitability, and financial stability, but making wise investment decisions requires careful consideration of all pertinent information and extensive study.

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